SVC invests $30 million in Olive Rock Partners Fund I

Saudi Venture Capital Company (SVC) invests $30 million in Olive Rock Partners Fund I, a regional private equity fund focusing on mid-market companies with technological, regional, and economic support.

This move is part of SVC's strategy to boost funding for startups and SMEs in Saudi Arabia, aiming to aid firms in early growth or expansion stages.

Mohannad Qabaj of Olive Rock Partners and Dr. Nabil Koshak of SVC signed the agreement.

Key figures from both organizations attended the signing ceremony, highlighting the importance of the investment for SMEs and startups, particularly in vital industries.

SVC's CEO emphasized the significance of this investment in their plan to enhance SME and startup funding.

Olive Rock Partners praised the collaboration, noting the role of private equity partnerships in Saudi Arabia's SME development and investment landscape advancement.

SVC's investment reflects its commitment to fostering innovation and entrepreneurship in Saudi Arabia, aiming to enhance the business environment for startups and SMEs.